Velodyne Lidar Inc. (NASDAQ:VLDR) finished Wednesday with an addition of $0.21 to close at $6.38, an upside of 3.40 percent. An average of 2,461,020 shares of common stock have been traded in the last five days. There was a gain of $0.65 in the past week. The last 20 days have seen an average of 3,144,640 shares traded, while the 50-day average volume stands at 3,128,442.
VLDR stock has increased by 0.95% in the last month. The company shares reached their 1-month lowest point of $5.55 on 10/06/21. With the stock rallying to its 52-week high on 01/27/21, shares of the company touched a low of $5.55 and a high of $30.81 in 52 weeks. In spite of this, the price is down -79.29% from the 52-week high.
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36 days have passed since Velodyne Lidar Inc. (VLDR) last reported insider trading activity. Frykman Sally, who is Chief Marketing Officer, most recently acquired $1,480 shares at $6.55 per share on Sep 08. In this transaction, the insider spent $9,694. CFO and Treasurer, Hamer Andrew, disposed of 2,379 shares at a price of $6.55 on Sep 08. The insider now owns more than $15,582 worth of shares. Prior to that, Vice President of Sales, NA Tarman Laura went on to Sale 490 shares at $6.55 each on Sep 08. An amount of $3,210 was transacted.
Velodyne Lidar Inc. (VLDR) has a trailing price-to-earnings (P/E) ratio of 23.30 for the broader industry and 37.24 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 15.61, the price-to-book (PB) ratio at 3.38.
The quick ratio of Velodyne Lidar Inc. for the three months ended June 29 was 9.30, and the current ratio was 9.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Velodyne Lidar Inc.’s EBITDA margin for the year ending June 29 is -154.21%. Its gross profit as reported stood at $25.12 million compared to revenue of $95.36 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Velodyne Lidar Inc.’s return on assets was -55.20%. For the broader industry, ROE averaged 3.62 over the past year.
For the three-month period that ended June 29, Velodyne Lidar Inc. had $228.41 million in cash. The analyst consensus anticipated Velodyne Lidar Inc.’s latest quarter earnings to come in at -$0.14 per share, but it turned out to be -$0.18, a -28.60% surprise. For the quarter, EBITDA amounted to -$87.04 million. Shareholders own equity worth $195.56 million.
From a technical analysis perspective, let’s take a brief look at Velodyne Lidar Inc. (VLDR) price momentum. RSI 9-day as of the close on 13 October was 59.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.98%.
As of today, VLDR’s price is $6.06 +11.34% or $0.65 from its 5-day moving average. However, the stock’s current price level is -16.16% below the SMA50 and -71.76% below the SMA200.
The stochastic %K and %D were 54.17% and 40.93%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 69.17% and the average true range at 0.34, the RSI (14) stands at 52.38%. The stock has reached 0.26 on the 9-day MACD Oscillator while the 14-day reading was at 0.20.
Robert W. Baird downgraded Velodyne Lidar Inc. (NASDAQ: VLDR) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a an Outperform.The consensus rating for Velodyne Lidar Inc. (VLDR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell VLDR, while 4 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is VLDR’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $30.00, with a median target of $9.50. Taking a look at these predictions, the average price target given by analysts for Velodyne Lidar Inc. (VLDR) stock is $12.38.